Share-Ws Inc

Organization Overview

Share-Ws Inc is located in Winstonsalem, NC. The organization was established in 2018. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Share-Ws Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Share-Ws Inc generated $979.0k in total revenue. All expenses for the organization totaled $204.8k during the year ending 12/2022. While expenses have increased by 36.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WINSTON-SALEM, NC, THE PRINCIPAL CITY IN FORSYTH COUNTY, HAS MULTIPLE "FOOD DESERTS,- OR RESIDENTIAL AREAS WHERE THERE ARE NO FULL-SERVICE GROCERY STORES, OFFERING PRODUCE AND OTHER FRESH FOODS, WITHIN A RADIUS OF ONE MILE. THESE "FOOD DESERTS" ARE LOCATED IN AREAS OF THE CITY WHERE THE MEDIAN FAMILY INCOME IS AT OR NEAR THE FEDERAL POVERTY LEVEL. ACCORDING TO A 2017 STUDY COMMISSIONED BY THE CITY OF WINSTON-SALEM, AN ESTIMATED 17% OF FORSYTH COUNTY RESIDENTS EXPERIENCED FOOD INSECURITY IN 2014. AN ESTIMATED 38% OF POOR FORSYTH COUNTY RESIDENTS LIVE IN A "FOOD DESERT," IN A COUNTY WITH A POPULATION OF OVER 360,000. RESIDENTS OF "FOOD DESERTS" ARE NORMALLY AFFLICTED BY MULTIPLE DISADVANTAGES. THEY TYPICALLY LACK RELIABLE TRANSPORTATION, WHICH DIMINISHES THEIR OPPORTUNITY FOR LIVING WAGE EMPLOYMENT AND ACCESS TO HEALTHY FOOD OPTIONS. THEIR PREDICAMENT RESULTS IN THEIR PERCEPTION OF HAVING NO ALTERNATIVES EXCEPT TO UTILIZE LOCAL CONVENIENCE STORES AND OTHER FAST FOOD OPTIONS. THEREFORE, T

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHARE IS ESTABLISHING "A FULL-SERVICE RETAIL FOOD MARKET IN A FOOD DESERT," IN WINSTON-SALEM, NORTH CAROLINA. OUR VISION IS TO PROVIDE WHOLESOME, FRESH FOOD, AT A REASONABLE PRICE, THEREBY ELIMINATING FOOD INSECURITY FOR AN UNDERSERVED POPULATION. THE SHARE FOOD MARKET (DBA, THE HARVEST MARKET) WILL OFF-SET "FOOD INSECURITY," HELP BUSINESS DEVELOPMENT, AND CREATE JOBS WITHIN THE COMMUNITY. SHARE HAS BEEN WORKING ON THIS PROJECT FOR MORE THAN 4 YEARS. IN THAT TIME: - OUR MEMBER BASE HAS EXPANDED TO MORE THAN 450 MEMBERS. - WE HAVE MOBILIZED FUNDING FROM MULTIPLE SOURCES, INCLUDING MEMBERS AND FOUNDATIONS. - CONTRACTORS AND VENDORS FOR ARCHITECTURAL DRAWINGS AND FOOD SERVICE EQUIPMENT HAVE BEEN ACQUIRED. - WE IMPLEMENTED OUR ECOMMERCE SITE TO ACTIVELY BEGIN SELLING GROCERIES THROUGH OUR POINT-OF-SALE SYSTEM. - OPENED AND OPERATING THE SALE OF FOODS THROUGH OUR BETA-SITE (THE HARVEST MINI MARKET). - HIRED AN ECOMMERCE COORDINATOR AND SEVERAL STAFF MEMBERS, - INITIATED AND OPERATING OUR FOOD PHARMACY PROJECT; A COLLABORATION WITH THE UNITED HEALTH CENTERS, WINSTON-SALEM, NC., TO GIVE PATIENTS FOOD VOUCHERS TO IMPROVE THEIR HEALTH, AND WE HAVE - SECURED THE SERVICES OF A LOCAL ACCOUNTING FIRM FOR OUR BOOKKEEPING AND FINANCIAL REPORTING NEEDS. CONSTRUCTION WITHIN THE MAIN STORE IN THE WEST SALEM SHOPPING CENTER, HAS BEGUN. WE ANTICIPATE A STORE OPENING IN 8-10 MONTHS. THIS COMMUNITY AND ECONOMIC INITIATIVE, WITH YOUR HELP, WOULD IMPROVE PUBLIC HEALTH THROUGH HEALTHY FOOD, CREATE APPROXIMATELY 26 JOBS, AND PRODUCE MEASURABLE COMMUNITY & ECONOMIC DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Ralph Peeples
Secretary
$0
Richie Williams
Treasurer
$0
Gary Williams
Executive Di
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $468,027
All other contributions, gifts, grants, and similar amounts not included above$510,913
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$978,940
Total Program Service Revenue$0
Investment income $15
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $978,955

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